HICL Infrastructure (LON:HICL) Hits New 12-Month Low – Time to Sell?

Shares of HICL Infrastructure PLC (LON:HICL) hit a new 52-week low during trading on Monday . The company traded as low as GBX 119.20 ($1.51) and last traded at GBX 119.29 ($1.51), with a volume of 2233027 shares trading hands. The stock had previously closed at GBX 122 ($1.55).

HICL Infrastructure Stock Performance

The firm has a market cap of £2.45 billion, a P/E ratio of 6,200.00 and a beta of 0.30. The stock’s 50 day simple moving average is GBX 127 and its 200 day simple moving average is GBX 125.90.

HICL Infrastructure Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be given a GBX 2.06 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a yield of 1.72%. HICL Infrastructure’s payout ratio is 40,000.00%.

Insiders Place Their Bets

In other news, insider Rita Akushie bought 1,195 shares of HICL Infrastructure stock in a transaction dated Friday, August 30th. The stock was purchased at an average price of GBX 127 ($1.61) per share, for a total transaction of £1,517.65 ($1,925.95). Corporate insiders own 0.20% of the company’s stock.

About HICL Infrastructure

HICL Infrastructure PLC specializes in direct and fund of funds investments. For direct investments, it seeks to invest in infrastructure projects. It invests in project companies which have not yet completed the construction phases of their concessions including project companies which are in the process of bidding for project concessions.